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Listing provided courtesy of Smart Home RealtyMREDas Distributed by MLSGrid- MLS# 12530280MLS Provider

4940 S Ashland AvenueChicago, IL 60609

Commercial · 2,247 Sq. ft.
$199,999 Active

4940 S Ashland Avenue Overview

Time on Site:
175 days
Visits:
20

Introducing a standout commercial offering perfect for retailers, service providers, and entrepreneurs seeking strong exposure and consistent foot traffic. This well-appointed retail storefront building combines functionality with exceptional visibility, making it an ideal home for a wide range of business uses. Boasting a welcoming storefront with large display windows, the property delivers excellent street presence and natural light throughout. The flexible interior layout allows for easy customization-perfect for showrooms, boutique retail, specialty shops, professional services, or a branded flagship location. Schedule your private showing now!

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4940 S Ashland Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 2,247
  • Price/Sq.ft. $89

Details

General

Association/HOA

  • Association Fee Frequency: Annually

Income/Expenses

  • Net Operating Income: 0

Building Information

  • Year Built: 1912

Business Information

  • Current Use: Other

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - New City

Tax Information

  • Tax Annual Amount: $10,894.24
  • Tax Year: 2024

General Information

  • Parcel Number: 20072230360000
  • Property Sub Type: Other
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 2247

General Information

  • Cooling: None
  • Electric: Circuit Breakers
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 2247

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street,Public Road,Alley Access
  • Lot Size Dimensions: 2247
  • Lot Size Square Feet: 2750

Building Exterior/Construction

  • Construction Materials: Brick

4940 S Ashland Avenue Neighborhood

Community

60609 (CHICAGO) Demographics

34
Median Age
7,786
Population Density (per sq. mile)
22%
College Educated
$40,324
Estimated Median Income
8,185
Estimated Total Home Owners
13,782
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4940 S Ashland Avenue Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4940 S Ashland Avenue Market Data

Based on the last 30 days in this zip code

$297,104
Average List Price
$204
Average Price per Square Foot
15
Properties Sold
81
Average Days on Market
71
Properties for Sale
Calculations provided by Reliance Network

4940 S Ashland Avenue History

Date Event Value Agent
1/5/2026Source: MRED Added to Database
January 05, 2026